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Topic: Will mining be profitable again? - page 10. (Read 13101 times)

jr. member
Activity: 546
Merit: 5
May 16, 2019, 01:10:38 PM
#89
Bitcoin costs back successfully can make mining back profitable. But I focus more on daily trading because it is more profitable. Mining is too difficult and requires supportive equipment and it does not.
who tightly deals with cryptocurrency. he is engaged in trade, and investing in iso, and even mining, each class has its pros and cons. But all is better, when the market grows, therefore now, the people will start to increase
jr. member
Activity: 185
Merit: 1
☀️ Iskra Coin ☀️
May 16, 2019, 12:58:01 PM
#88
Bitcoin costs back successfully can make mining back profitable. But I focus more on daily trading because it is more profitable. Mining is too difficult and requires supportive equipment and it does not.
full member
Activity: 1050
Merit: 102
Cryptocurrency addict | Invest at your own risk.
May 16, 2019, 12:53:19 PM
#87
mining is still profitable to date, if it is not profitable they have been going for a long time and cryptocurrency will not be like the current conditions because miners are also important for the cryptocurrency ecosystem
legendary
Activity: 2436
Merit: 1189
Need Campaign Manager?PM on telegram @sujonali1819
May 16, 2019, 12:52:20 PM
#86
Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?
Obviously mining will be profitable again in near future and this now still profitable IMO. Because Suddenly  bitcoin pumped 2x since few days. So its little bit of profitable in my opinion. And hope  more profitable if btc will make another move to cross 10k$. Thanks
10c
full member
Activity: 658
Merit: 100
BuyAnyLight - Blockchain LED Marketplace
May 16, 2019, 12:50:01 PM
#85
Now it has become even more difficult, as the major mining pools are all increasing their hash power, expecting the bull rally to continue for the remainder of the year. Even if you purchase a few mining rigs now, it may take more than an year to cover the capital costs from the mining revenue. And for that to happen, the prices should stay high.
I think that if you are considering this market in the long term, then you can buy mining equipment and make a clear profit in 7-8 months
full member
Activity: 532
Merit: 101
May 16, 2019, 12:49:48 PM
#84
Start mining right now in my opinion it makes no sense. But it is necessary to continue. I think that participation in the market as a trader is now more favorable than trying to engage in mining again. This market is already occupied. It is necessary to learn to earn by investing.
full member
Activity: 625
Merit: 100
May 16, 2019, 12:49:13 PM
#83
If the market continues to revive. That of course mining will again be profitable. Judging by the latest price for Bitcoin and Eth, it is probably worth running your farm again. We'll see. The main thing that the price did not fall sharply.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
May 16, 2019, 12:48:01 PM
#82
Of course it will. Though the mining difficulty has increased a lot over the years there are people still mining bitcoins with the required equipment.
Bitcoin price has increased but this doesn't make any changes on the mining part. Mining will still continue and it has to.
This will effect the transaction fees though since the network might get congested which will in turn increase the transaction fees eventually.
copper member
Activity: 1190
Merit: 3
May 16, 2019, 12:46:11 PM
#81
With the upcoming Bitcoin halving reward in 2020, the coin reward will be decreased from 12.5 to 6.25 coins.
Since the block size(for halving rewards) is same, every 210,000 block, and competition is very high due to consistently increasing miners, it's becoming less profitable year and year. Also the resource requirements like power consumption are very high, only big players can achieve it.
To get mining more profitable, we need to look for more solutions for example, to enable mining with low performance resourecs.multivac is achieving this. Due to all dimensional Sharding technique and high throughput, mining can be done from our normal pc.
Another solution to make mining more profitable is to use less costly systems which can fulfil the desired power requirements  which can achieve mining with more efficiency. DAGO- mining's ecosystem is using solar energy to produce the power and it's energy storage systems makes mining possible 24/7.
Hope in future, more such ecosystem's will be available to make the mining more and more profitable.
sr. member
Activity: 1974
Merit: 453
May 16, 2019, 12:38:19 PM
#80
Now it has become even more difficult, as the major mining pools are all increasing their hash power, expecting the bull rally to continue for the remainder of the year. Even if you purchase a few mining rigs now, it may take more than an year to cover the capital costs from the mining revenue. And for that to happen, the prices should stay high.
full member
Activity: 899
Merit: 101
May 16, 2019, 12:35:15 PM
#79
Crypto currency conditions are getting better. The price of crypto currencies is increasing and the market is increasingly green. Potential coins go up in price so this is very beneficial for crypto currency lovers. I also played crypto currency also increasingly challenged because the market is getting better and more crowded. In the market, more crypto currency players are active. Some who stopped mining then now start again to mine a few coins. In my opinion, mining is still very profitable if we can reduce mining costs as effectively and efficiently as possible.

for current price maybe miner could earn profits but maybe still on small amount.if our profits besides depend on cryptocurrency price it also depend on operational cost especially electricity.in some countries basic price of electricity very high and it be main problem for miner to ger profits.
member
Activity: 405
Merit: 11
May 16, 2019, 12:27:03 PM
#78
Crypto currency conditions are getting better. The price of crypto currencies is increasing and the market is increasingly green. Potential coins go up in price so this is very beneficial for crypto currency lovers. I also played crypto currency also increasingly challenged because the market is getting better and more crowded. In the market, more crypto currency players are active. Some who stopped mining then now start again to mine a few coins. In my opinion, mining is still very profitable if we can reduce mining costs as effectively and efficiently as possible.
sr. member
Activity: 882
Merit: 250
May 16, 2019, 11:42:35 AM
#77
Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Mining has always been profitable, just need to know which coin is best to mine on the equipment that you have installed. To do this, you need to use specialized sites that allow you to calculate the best mining options for you, taking into account your equipment and software.

I think bitcoin is the best choice but it is still depends on the difficulty still if there were lots of miners that are mining bitcoin then it wont be profitable enough to say.

In my opinion, mining will never give you as much as the trading. If you are concentrated on Bitcoin, it is much better now to hold it.
The crypto market has been showing the signs of the bullish trend for a long time, and we have all the best chances to meet the new price of BTC. I think this year, it can reach 15 or even 20 thousand again.

With mining, you will not make too much.
legendary
Activity: 1204
Merit: 1028
May 16, 2019, 06:52:24 AM
#76
Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Mining has always been profitable, just need to know which coin is best to mine on the equipment that you have installed. To do this, you need to use specialized sites that allow you to calculate the best mining options for you, taking into account your equipment and software.

I think bitcoin is the best choice but it is still depends on the difficulty still if there were lots of miners that are mining bitcoin then it wont be profitable enough to say.
Of course everyone knows that bitcoin would always remain the best coin to ever mine, but the cost of operating it is the most difficult part of it all, and except there is a very high surge in the price of bitcoin that miners can really benefit from the mining of bitcoin, and I guess now that we are in the bull run, most miners would have been planning to return back to mining  to take more profit.

We also have some other coins though in the market that is very good to mine, and not so expensive to set up, Electroneum and monero is one hell of a coin to mine and easy to set up.
jr. member
Activity: 381
Merit: 1
May 16, 2019, 02:47:41 AM
#75
i think mining is still profitable right now, i can say that because still some project appeared with product of mining tools, because we are know btc will halving on 2022, so maybe now is the right time to mine more btc.
full member
Activity: 770
Merit: 100
May 16, 2019, 02:43:51 AM
#74
yes, mining will return to profit if the price of bitcoin remains as currently at $ 8,052. for me this is enough to be able to provide benefits to the miners, and quite in accordance with what they have to spend.
sr. member
Activity: 644
Merit: 250
May 16, 2019, 02:34:32 AM
#73
 I think yes.  The higher the price of bitcoin the better to mine.  But still, I see that the number of farms is significantly less than before.  This is not all connected with the price of cryptocurrency but with expensive electricity.
sr. member
Activity: 1582
Merit: 253
May 16, 2019, 02:28:48 AM
#72
Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Correction, bitcoin at the moment was 8240$ according to the https://coinmarketcap.com/currencies/bitcoin/, So I think mining still profitable.
If I only have a capital to buy a mining rigs I will buy for sure, for sure those miners now are already gained or gaining more.
yes, bitcoin is now rising and green on the market, but most of the miners today have not dared to run it because the profits and losses are even greater losses. usually the miners will start when bitcoin is stable and the stability lasts a long time because that's where small profits begin to appear.
member
Activity: 700
Merit: 27
Sovryn - Brings DeFi to Bitcoin
May 16, 2019, 02:17:57 AM
#71
Mining is completely way out of it ,they profits are just too low so the fact is other ways are better ,I'd even choose airdrops over mining or bounties too,if airdrops could give you 50$ to 100$ these days its way better than mining and wasting energy
hero member
Activity: 1302
Merit: 540
May 16, 2019, 01:55:05 AM
#70
Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Bitcoin has surpassed $8000 and i think mining bitcoin is slowly become profitable again.
But don't forget, when mining become profitable, many miners will come and mining again.
This will make the difficulty of mining rising, and miners will get less from mining.
Knowing the risk is the very first part of your decision-making. If you are looking for potentials with mining, then look first with those factors which
caters the process, mining devices, electricity cost, maintenance, do the checklist and assess, review each pros and cons as knowledge upon this
business is very important, not because the value rises up then you'll going to ride or because the trends for mining is showing some strength, always
look for longer engagements for much profitable outcome.
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